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Real estate

Of or pertaining to property of land and the buildings on it. This also includes any minerals, crops, or any other natural resource. The business of real estate is the buying, selling, or renting property.

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Contributors in Real estate

Real estate > Mortgage

balloon mortgage

Banking; Mortgage

A mortgage that has level monthly payments that would fully amortize over a stated term, but which provides for a lump-sum payment to be due at the end of an earlier specified ...

bimonthly mortgage

Banking; Mortgage

A mortgage on which the borrower pays half the monthly payment on the first day of the month, and the other half on the 15th.

biweekly mortgage

Banking; Mortgage

A mortgage with payments due every two weeks, totaling 26 payments a year.

blemished borrowers

Banking; Mortgage

Borrowers with one or more of the following risk factors: they can only make a very small or no down payment; they cannot fully document their income and assets; their property is ...

bridge loan

Banking; Mortgage

A short-term loan, usually from a bank, that "bridges" the period between the closing date of a home purchase and the closing date of a home sale. Unsecured bridge loans are ...

cash-out refi

Banking; Mortgage

Refinancing for an amount in excess of the balance on the old loan plus settlement costs. The borrower takes "cash-out" of the transaction. This way of raising cash is usually an ...

closing

Banking; Mortgage

The closing includes the delivery of a deed, the signing of loan documentation, and the disbursement of funds necessary to complete the sale and loan transaction. Also known as ...